14VExclusion of subdivision allowances in certain circumstances

14V Exclusion of subdivision allowances in certain circumstances

14V Exclusion of subdivision allowances in certain circumstances

(1) For the purposes of the Land Tax Management Act 1956, the land value of a parcel of land is taken not to include an allowance for subdivision in respect of any land tax year—

(a) if any building has been erected on the land, or any works have been carried out on the land, since the deposited plan was registered, or

(b) if, as at 31 December before the beginning of that year, more than 3 years have passed since the deposited plan was registered, or

(c) if, as at 31 December before the beginning of that year, the parcel of land was no longer owned by the subdivider,

and land tax under that Act is to be assessed and levied accordingly.

(2) For the purposes of the Local Government Act 1993, the land value of a parcel of land is taken not to include an allowance for subdivision in respect of any rating year—

(a) if any building has been erected on the land, or any works have been carried out on the land, since the deposited plan was registered, or

(b) if, as at 30 June before the beginning of that year, more than 3 years have passed since the deposited plan was registered, or

(c) if, as at 30 June before the beginning of that year, the parcel of land was no longer owned by the subdivider,

and rates and charges under that Act are to be assessed and levied accordingly.

s 14V: Ins 2000 No 106, Sch 1 [14]. Am 2006 No 38, Sch 1 [7] [8].